The earnings winner is Centene Corporation (CNC), up over 2%. On the other hand, Michael Kors Holdings (KORS) is down nearly 12.5% and General Motors Company (GM) is down nearly 1.5%.

Futures were flat in early morning and turned up after 3am, peaking at 6:40am and then settled back since and are off the highs as we approach the open.

Asian markets ended down. China gained 0.12%, Hong Kong went down 0.07%, and Japan led the decline, down 0.35%. European markets are mostly up. The UK is up 0.70%, Germany is up 0.57% and France is down 0.06%.

Commodities are mostly down this morning. Oil is down 0.87%, natural gas is up 2.62% and gold is down 0.06%. Unleaded gas is down 0.04% and heating oil is down 0.41%. Metals are down. Meats are mixed. Cocoa, coffee, cotton, corn, wheat and soybeans are all down.

Dow and Nasdaq hit record highs. US trade deficit falls as exports hit more than 1-1/2 year high.

Tesoro Corporation (TSO) reported Q4 results yesterday afternoon with an adjusted loss of 2 cents per share that beat expectations and is up nearly 0.5% in pre-market. Twenty-First Century Fox, Inc. (FOXA) is down slightly after announcing Q2 results with adjusted earnings of 53 cents per share. CBOE Holdings (CBOE) reported Q4 results with adjusted earnings of 63 cents per share that beat expectations and has yet to react.

General Motors Company (GM) reported Q4 results this morning with profit of $1.28 per share and is down nearly 1.5% in pre-market. Fidelity National Information Services, Inc. (FIS) announced Q4 results with adjusted earnings of $1.14 per share that met expectations and is down nearly 0.5%. Arrow Electronics Inc (ARW) reported Q4 results with adjusted earnings of $2 per share that missed expectations and is down over 1%. Michael Kors Holdings (KORS) is down nearly 12.5% after announcing Q3 results that missed expectations. Centene Corporation (CNC) reported Q4 results with adjusted earnings of $1.19 per share that beat expectations and is up over 2%. The Mosaic Company (MOS) announced Q4 results with adjusted earnings of 26 cents per share that beat expectations and is down over 1.5%.

AAPL jumped out of the bowl pattern from Friday, above 130 and ended up 0.94% on low volume. AAPL opened up at 129.13 to high volume and immediately set an intra-day low of 128.92 before flying up to the low-130 area on strong volume. AAPL spent the rest of the day in a relatively narrow zone and set an intra-day high of 130.50 at 1:12pm on low volume before returning to the low-130 area on moderate volume. AAPL ended the day up $1.21 at 130.29 and dropped 2 cents in after-hours to 130.27.

This morning in pre-market, AAPL opened lower and then gravitated to the 130.5-line as Canaccord Genuity maintained AAPL coverage with Buy and a $154 target. AAPL is currently up 26 cents at 130.55 as we approach the open.